Comments by "Dan A" (@DanA-nl5uo) on "Car Questions Answered" channel.

  1. ​ @billmoretz8718 the problem with your mindset is we have seen for the last half century how the race to the bottom has left Americans unable to earn a living wage and the two income families today can't afford the lifestyle their parents had on a single income in the 60s. When the CEO made 20x the workers not 300x they make today.
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  2. Thank you I was literally checking to see if anyone had posted this already. The stock buybacks are literally more than the labor union is asking for and those are the management team pumping stock prices to boost that 20 plus million a year that the CEO makes. Also stock buybacks where illegal stock multiplication before the Reagan administration changed the law to allow them.
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  3. ​ @brucesheehe6305 "fair profit" is a dream. Capitalism sets the price at the maximum the market can bare.
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  4. This is what happens from both greedflation and the federal reserve raising the cost of borrowing money. This was completely by design. The goal was to maximize the profiteering off the working class.
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  5. ​ @moleculesplitter8774 the TARP agreement has made the bailout not even require congress vote on it. The Federal Reserve just does it on their own post 2008
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  6. I blind man could see that greed would bite us in the ass shortly
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  7. What you need to remember about Tesla is that they are coming from a place where they had 30% profit margins before the started cutting prices. They had the margin that other EV manufacturers don't
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  8. $91k for that 2500 truck is insane. I will just keep my 2005 Chevy duramax 2500 4wd that listed for $45,000 with employee pricing to everyone in 2005. I definitely didn't see my income doube to keep up with that type of inflation on car value.
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  9. ​ @billmoretz8718 sounds like you don't understand basic negotiations. You don't start by asking for the bare minimum you ask for more so you get something acceptable as the middle ground. The Shawn is doing an excellent job making the case for the union something we haven't seen for decades in the usa.
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  10. Yup why I just ordered about $1000 worth of frame parts when my gas tank strap broke. Cheaper to replace the cross members in my 2005 than to buy a new truck.
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  11. The next crash will be too big to save. - Nate Hagens
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  12. Why shouldn't the private individual also get the maximum the market will bare?
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  13. 2022 sitting on the lot is a 3 year old vehicle. Try trading one in I am willing to bet you won't find a dealer willing to pay close to what they want to sell it for. I wouldn't pay more than blue book price on something like that.
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  14. The corporations will get uncle Sam to save them once the election is over....
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  15. The problem is when they make the discount sale they have to put the loss on the books. So long as they hold the inventory they can claim it is an asset worth more on the books.
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  16. ​ @subaruamazon stock buybacks to juice the price. It was illegal before Reagan changed the rules in the 80s.
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  17. Don't blame the customer for buying what the manufacturer built. It is really hard to buy what they don't manufacturer
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  18. Good luck with that the dealership will simply refuse to sell them
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  19. ​ @geocam2  find our what they will pay you for a 3 year old vehicle before buying their 3 year old vehicle
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  20. You should try to make a constant percentage on the cars regardless of price point. That would be the most logical method for your business as it would be a constant return on your investment. If you make a constant $1500 you double your money on the low end cars but only make 10% on your high end car and that will crush your business.
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  21. This is called a self fulfilling prophecy
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  22. It is almost like the manufacturers want the lots full because they want to say they can't sell them to bash labor now before signing a multi year contract
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  23. If I wanted that jeep I would walk in with the blue book trade in value for 2 years old and tell the dealership that is the price they would pay so I will pay them that no more.
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  24. ​ @edhcb9359 in the golden age of growth in the usa post WWII the management made 20x what the workers made. Today it is 300x. Don't but the BS talking points of the wealthy they literally spend the last half century transferring trillions of dollars upwards to levels of inequality never seen in history.
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  25. ​ @billmoretz8718 a quick Google search will give you plenty of sources to verify the fact that labor is about 5% for the big 3. I would post some but YouTube often deletes posts with links to print media.
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  26. We don't have BYD because Biden put a 100% tariff on them doubling the cost for American buyers.
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  27. Actually most banks bundle the loans and sell them so they make their money the moment the ink dries. Asset backed securities take the hit
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  28. At 2,400 miles a year you would win with a Uber. Someone never drove that car.
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  29. Ironically we probably found the group which isn't too big to fail. The banks and the manufacturer can hold the government hostage but the dealers individually cannot
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  30. Fuel prices and food prices are high so people will look for smaller more fuel efficient vehicles
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  31. If the dealer has a 2022 it has deprecated just look at KBB for the value. They will have to accept the loss or file bankruptcy as the asset has a real world value that is far below the asking price.
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  32. People want the low cost EV. BYD knows how to make it and Biden wants Americans to pay 2x as much as anyone else to buy it.
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  33. The banks don't need to ease up the dealership needs to learn how supply and demand works no demand lower cost.
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  34. I don't feel bad for the dealership who sold the vehicle a few years ago over it's value now unable to take the vehicle back on a trade in. They set this up with greed in the past.
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  35. Mid summer layoffs in the automotive industry are pretty standard. I worked for an automotive lighting supplier 20 years ago and we would get layoffs almost every summer for up to 6 weeks. It was just a way to control costs in the industry.
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  36. Fractional reserves means they only had 10% of the cash in the first place the other 90% was loaned into existence.
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  37. Unfortunately there is a 100% import tariff so it is $80,000 in the usa to protect ford's profits
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  38. ​ @rogerstarkey5390 the banks don't own the loans they convert them to asset backed securities and sell them to Wallstreet
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  39. You could say the same thing about the 10 accounts in SVB that totaled 13 billion dollars with only $250,000 worth of insurance. The difference being that the ultra wealthy got the government to pay 100% of their asset value not just the $250,000 they paid the insurance for. I bet these dealers wish their insurance would cover losses the same as the FDIC.
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  40. It is time for the union when the CEO gets 30 million dollars a year. That is literally more than a gold goose egg every single day.
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  41. When the dealer has sat on a vehicle for over a year it is no longer a new car it is a 1 year old used car check what KBB tells you it is worth. I see bankruptcy coming
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  42. The hood scratches is someone setting a backpack with books on it and draging it across. My brother's wife did that to the paint on their cars getting her keys out.
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